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Moody's and Fitch were not considered by Robles at first, but Situ Nan brought it up, and Robles had to pay attention. (If you like this book, please bookmark biquge.info)

"It's nothing, it's just that these two are good. And I've heard that John Moody's and John Fitch are two guys who have a very accurate ability to judge stock securities. However, you can make up your mind about it. ”

Situ Nan shrugged, spread his hands, and said indifferently, it is true that he can't come up with any good reasons.

And he believes that according to the course of history, when these two companies become world-class financial appraisal companies, they may have already returned to dust, so they will not pay too much attention to it.

Speaking of his career in finance, he doesn't necessarily need any appraisal agency. Morgan didn't buy any valuation firms, but J.P. Morgan Securities' analysis department has a group of the world's top financial talents.

Robles saw Situ Nan's indifferent look, and knew that there was nothing out of this guy's mouth, so he didn't ask any more.

But he took Situ Nan's words to heart. Two months later, almost effortlessly, Robles bought Moody's and Fitch.

And he also made a logical decision that surprised Situ Nan by merging the two companies into one, Moody's Fitch.

Moody's Fitch then acquired Dun & Bradstreet's financial services organization, making it one of the top financial appraisers on Wall Street.

Headquartered in Manhattan, New York, it also has offices in Chicago and San Francisco, employing more than 20 analysts and 50 associate analysts.

And that number is growing every year, with more and more talent coming in, and more and more accurate letters being offered to Wall Street investors. Over time, the reference index of the New York stock market was formed: Moody's-Fitch Index.

This is not in history, Situ Nan later heard the news, and couldn't help but be stunned: It's rare because of his own mouth, it is estimated that there is one less of the world's three financial appraisal institutions in history?

The new president of Moody's Fitch is Graham, a financial guru who has begun to make a name for himself after a few years at Robles Securities. At the same time, in a large number of practices, the theory of this investment master has gradually taken shape

Robles Securities was founded by a group of young people with dreams, and the only criterion is that the capable are on the top and the mediocre on the bottom.

Both Stuart and Robles were fond of promoting young and talented people, so it was no surprise that Graham became the spokesperson for one of the leading financial information services companies on Wall Street. This caused a small sensation at the time.

Graham did not disappoint Robles, and after he took over Moody's Fitch, he began to expand Moody's Fitch's influence on Wall Street with the support of the company's original John Moody's and John Fitch.

He spent $500,000 to buy the New York Times, the largest newspaper in the United States, from the Oakes family, and wrote articles on the financial page himself, and a generation of financial gurus began to publish his investment theories.

Similar work is also done by two masters, Moody's and Fitch.

Their insightful articles have since been included in university textbooks, and even a later generation of investment genius Warren Buffett has been influenced by Graham.

This made the New York Times not only an authority on current affairs news reporting, but also one of the two must-read newspapers for financial professionals.

Perhaps it was too good, and soon the financial section of the New York Times was spun off and dominated the Wall Street press world with a new newspaper, the New York Financial Review, whose nemesis was the Wall Street Journal.

Originally, Graham's first target was the Wall Street Journal, but unfortunately the Wall Street Journal belonged to the Dow Jones Company, which had a Rockefeller background, so how could it be sold to the nascent Moody's Fitch Company?

After touching the dust, Graham had to take aim at the New York Times in anger.

As a result of his tireless efforts, the Oakes family, the owners of The New York Times, finally agreed to merge The New York Times into Moody's Fitch Corporation, and they became shareholders of Moody's, Fitch Corporation.

In third place after the majority shareholder Robles Securities, Graham, and two other are the company's founders, John Moody and John Fitch.

In addition to newspapers, the ambitious Graham also founded a magazine about finance called Fortune. Well, this name was taken by Situ Nan, and the poor man Henry Ruth could only be reduced to the editor of Fortune magazine in the end. Historically, he was the founder of this famous financial magazine.

If you add the "Los Angeles Times" in Situ Nan's hands, then two of the five major newspaper groups in the United States are controlled by Situ Nan.

This is also the reason why the newspaper industry in the United States has not yet developed to the level of development that later came, so that Situ Nan could buy these two important newspapers at a lower cost in the early days.

As for the idea of using newspapers to make money, Situ Nan has never had the idea, and running a newspaper does not have the same stable and rich returns as Situ Nan's investment in other industries, and the competition he faces is fierce.

In the United States, there are many newspapers (mainly small local newspapers) every day, and more and more magazines and weekly magazines are beginning to enter people's lives, which poses a challenge to the big newspapers, and the traditional newspaper market is beginning to be taken up by the new broadcast media.

As the circulation of these two newspapers expanded, the cost of maintenance became higher and higher, and in order to rapidly expand the advantages of the New York Times and the Los Angeles Times in the American media industry, Situ Nan not only failed to make a profit from the newspaper industry, but instead put a lot of money into it every year.

Fearing pressure from other quarters, Situ Nan never merged the two newspaper groups, but instead allowed the New York Times and the Los Angeles Times to compete tacitly and secretly control the public opinion market in the United States.

However, the United States has always been dominated by whites, and it is the values of Protestants who dominate the United States, and Situ Nan does not dare to think that two newspapers can control public opinion in the United States, but with these two sharp weapons, at least some things can be imperceptibly changed, and some criticism can be blocked in other aspects.

It's as if Jews, who are notorious in Europe, have hardly ever said anything bad about Jews in the United States. There are many reasons for this, not only because of the idea of freedom and equality in American society, but more importantly, because of the economic and financial success of the Jews, who also control the American media of public opinion.

Even though Stuart Nantong Guò Moody's-Fitch owns most of the New York Times, there are other shares in Jewish hands. The two sides check and balance each other, play games with each other, just like this world, no one can achieve absolute leadership, but only in entanglement and cooperation to achieve the greatest benefits.

Somewhat criticized, the New York Times' financial pages often speak favorably about Robles Securities, and some have caricatured the New York Times as Robles Securities and Moody's — Fitch is twins, and the New York Times is the mouthpiece of the two brothers.

In fact, it was just a small group of people who were jealous and did not affect Moody's, Fitch at all. Just like the subprime mortgage crisis of 08 in Situ Nan's previous life, Goldman Sachs played a very disgraceful role in it, but no one can tolerate it, let alone the unregulated US financial market.

By taking advantage of the asymmetry of information, Wall Street's predators have been able to do a good job of sheep shearing time and time again. Situ Nan is no exception.

Under his deliberate guidance, under Robles' stewardship, and with the help of a group of geniuses, Robles Securities flourished, making few mistakes, and building confidence in the minds of investors. From World War I to the Great Depression of '29, Wall Street investors were attracted every year with extremely high rates of return, either invested in Situ Nan's industries or were deliberately directed to the most profitable industries.

By the end of World War I, Robles Securities had more than $50 million in assets and more than $1 billion in assets under management, one-third of which belonged to Situan's California consortium.

Moody's-Fitch and Robles have always complemented each other and have a special position in New York's financial institutions.

After many accurate assessments, Moody's-Fitch has gradually become the most authoritative financial appraisal agency in New York. Graham's investment theory is also being accepted by more and more people.

In view of this, in 1919, shortly after the end of the war, the Rockefeller consortium, which felt Moody's Fitch was aggressive, had to merge with the Bureau of Standards and Statistics and the Poor's Publishing Company to form Standard & Poor's in order to confront Moody's-Fitch.

This result was more than 20 years ahead of schedule, which was something Situ Nan did not expect.

While the publishing and media business can increase the reputation of Moody's-Fitch, it is its subsidiary, Moody's, Fitch Financial Investment Advisors, that really makes Moody's-Fitch Financial Investment Advisors, which provides tailor-made financial information services to its clients.

A large number of small and medium-sized companies are increasingly inclined to Moody's-Fitch when they encounter financial problems, so Moody's-Fitch also has information on a large number of small and medium-sized companies in the United States, and has compiled this information into a database, so as to grasp the accurate number of the American economy.

Moody's-Fitch is responsible for rating a wide range of bonds, including local government bonds, corporate bonds, foreign bonds, etc., because of their detailed information, advanced scientific analysis technology, rich practical experience and a large number of specialized personnel, so their credit ratings are highly authoritative.

The Moody's-Fitch credit rating criteria are classified from highest to lowest as: AAA, AA, A, BAA, BA, B, CAA, CA and C.

Moody's-Fitch's business and ratings are much the same as those of Standard & Poor's. Because of Situ Nan's relationship, Moody's-Fitch has made a more accurate assessment than Standard & Poor's at a critical moment in history, and it has been a subtle pressure on Standard & Poor's in this regard.

It's a pity that Moody's, Fitch didn't launch the S&P 500 like S&P did with S&P, so the two companies are on a par with each other, and neither can subdue the other.

(Ask for a collection recommendation!) Thanks to the book friends for the creativity, hehe, the French don't have Fitch anymore! ）

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